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Wyn and Brianna invested all their savings in a florist shop. They operated the business as a general partnership. After a year, the business went
Wyn and Brianna invested all their savings in a florist shop. They operated the business as a
general partnership. After a year, the business went broke and they were left with outstanding
bills close to $ which was more than their initial investment in the company. Wyn and
Brianna can
lose only the total value of the assets actually used to operate the business.
lose only the funds they originally invested in their company.
avoid any liability for these debts since a partnership is considered to be a business entity that is separate
and distinct from the partners who own it
lose their personal assets as the result of their company's financial problems.
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